TRON is down 2.12%, trading at $0.076

TRON drops $0.002 early on and steadies around the $0.076 level.

TRON made an initial break below its 5 day Simple Moving Average at $0.076, a possible indication of a forthcoming negative trend. Price action pushed below a known Fibonacci support level at $0.076 by around $0.001 with prices hammering out a $0.075 – $0.077 range by session close. TRON's upper Bollinger Band® is at $0.077 which indicates a further downward move may follow.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for TRON.

Furthermore, United States ISM Manufacturing PMI (Jun) will be released tomorrow at 14:00 UTC.

Trading mostly sideways for 28 days. Having set a significant high of $0.083 a month ago, TRON is trading 6.64% lower.